FDI, TRADE AND GROWTH IN TURKEY: EVIDENCE FROM ARDL BOUNDS TESTING APPROACH

Basit Öğe Kaydı
dc.authoridOzturk, Ilhan/0000-0002-6521-0901
dc.contributor.authorOzturk, Ilhan
dc.contributor.authorAcaravci, Ali
dc.date.accessioned2024-09-18T20:20:03Z
dc.date.available2024-09-18T20:20:03Z
dc.date.issued2010
dc.departmentHatay Mustafa Kemal Ãœniversitesien_US
dc.description.abstractDespite the increasing empirical literature on foreign direct investment (FDI)-led growth, export-led growth (ELG) and import-led growth (ILG) hypotheses, this study investigates the validity of the FDI-export-growth and FDI-import-growth hypotheses in Turkey by using quarterly time series data for 1998:1-2009:1 period. To examine these linkages, we use the two-step procedure from the Engle and Granger model: In the first step, we define the order of integration in series and explore the long run relationships among the variables by using four unit root tests and autoregressive distributed lag (ARDL) bounds testing approach of cointegration test, respectively. In the second step, we test causal relationships by using the error-correction based causality models. The ARDL bounds test reveals that there is an evidence of a long-run relationship between the FDI, import (IM) and real gross domestic product (GDP), but no evidence of a long-run relationship between the FDI, export (EX) and GDP in Turkey. According to the causality test results for GDP-IM-FDI equation, there is evidence of two-way (bidirectional) causality between GDP and IM, evidence of one-way (unidirectional) causality from FDI to GDP and evidence of one-way Granger causality from FDI to IM. The existence of unidirectional causal links suggests that FDI strategies should be designed to promote economic growth.en_US
dc.identifier.endpage115en_US
dc.identifier.issn1233-5835
dc.identifier.issue2en_US
dc.identifier.startpage95en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12483/10033
dc.identifier.volume25en_US
dc.identifier.wosWOS:000284194900006en_US
dc.identifier.wosqualityQ4en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherWroclaw Univ Economicsen_US
dc.relation.ispartofArgumenta Oeconomicaen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectFDIen_US
dc.subjecttradeen_US
dc.subjecteconomic growthen_US
dc.subjectARDL bounds testingen_US
dc.subjectcausalityen_US
dc.titleFDI, TRADE AND GROWTH IN TURKEY: EVIDENCE FROM ARDL BOUNDS TESTING APPROACHen_US
dc.typeArticleen_US

Dosyalar

Orijinal paket
Listeleniyor 1 - 1 / 1
[ N/A ]
Ä°sim:
Tam Metin / Full Text
Boyut:
477.73 KB
Biçim:
Adobe Portable Document Format
Ä°ndir

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu